I had a tough time reaching office this Thursday with two
hours and a bit more in a not so comfortable bus. It felt like a bullock cart
ride, thanks to the competition between the potholes and the traffic, each
trying to outdo the other in delaying the journey.
After the struggle, I managed to walk into the office
building and a colleague of mine was parking his car. After the customary “Good
morning” and “how are you”, he asked me a question.
He asked, “How do you come to know how much a company pays
its employees, how do you judge if they pay as per industry standards?” I
thought he was asking me this question because my profile involves web
communications and leveraging social media.
I replied promptly that you can go on websites such as www.glassdoor.com , www.payscale.com etc. and check out what is
posted there. It will give you a fair idea.
He told me that all you need to do is check the Parking lot
of the companies. Depending on the cars parked in the parking lot, you could
actually gauge the pay scale and then map it as per the level you are selected
for.
I tried to visualize the
parking space of organizations I have been to and tried to apply this. Hence
was born the “Parking Lot Principle”.
This excellent learning was enough to recharge my batteries
and I was looking forward to doing great work. I believe, sometimes, great
ideas, observations etc. at the beginning of the day might help employees put
behind hectic travel and other such problems encountered before reaching work
and contribute to the fullest. It had that effect on me. It is just such sparks
that ignite the interest in work and help individuals put in their best.
If such sparks are provided every day, I believe the results
will be overwhelming. I am sure, The “Parking Lot Principle” is surely one such
example.
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